About your Search

20121201
20121231
Search Results 0 to 19 of about 20
. >> michael thompson now joins us here on the floor of the new york stock exchange. welcome to the conversation. are you inclined to stand back and wait for something to happen in washington before you inves anything, or are you jumping in right now? >> what we're seeing is a lot of folks are just chasing income. we're seeing it with our dividend funds. they've been outperforming in terms of gathering assets like crazy, even though they don't always have the best track record. usually it's really interesting when you watch money flows. you see 12-month track records dictating where the funds go. what we're seeing is investors climbing into the dividend growth funds. i think people are going to continue to do that. i don't think you wait. >> michael, the question i always ask when asking about dividend payers is does the reason to own dividend payers change if we go over the cliff and dividend taxes go from 15% to 44%? would you be peeling back? >> i knew you were going to ask me that question. i already have my answer. >> good. broken record on this question. >> some income
rest of us who are aging. i think we should be in charge, don't you, brian? on that note, thank you so much, everybody. we've got a rally going on out there. it looks as if the street is expecting some kind of deal, but as bob pisani's been saying, i'm wonder if it's a bite rumor and sell the fact situation. >> more negative now than when i came down here. >> that's not very encouraging. where's the hope "closing bell" is next. >> a government fractured, a market paralyze. a call to action our markets careen towards the sharp edge of the fiscal cliff. we've is asked our politicians to seem compromise and find a solution. the clock is ticking down. the stakes are getting higher. now we're turning up the pressure. this is a cnbc special report, "mission critical, rise above d.c." >> and we do welcome you to "closing bell." i'm bill griffith here at the new york stock exchange. hey, maria. >> hey there, bill. big rally where you are. i'm bartiromo coming today from the white house for our special coverage. stocks rallying on the on the missile that perhaps we are nearing a fiscal cliff
the waiting game continues, although we thank brian sullivan and you, mandy, for bringing us back to positive territory in the last hour. >> i'm not sure we can take credit but we'll take it. >> the dow is up a fraction at the moment. 13,139 after a meandering much of the day. the nasdaq hardest hit today. technology has been very volatile recently. still down a fraction right now. 13 points, fraction percentage-wise and the s&p is down 3.33 at 1423. five days left until the fiscal cliff deadline, and though the market has been very resilient to this point, what happens if we go over the cliff and if lawmakers cannot get it together come january 1st? will it be a big meltdown for wall street? that's what everybody wants to know. >> certainly hope know. in today's "closing bell" exchange, former chief economist of the vice president joe biden, oliver perch from gary goldberg and matt cheslock and rick santelli, thank you very much. jarred, you wrote an article called "cliff dive, what the heck happens next?" what does happen next? >> well, that's actually all up to john boehner, as i see it, b
capital, rick santelli, steve guilfoyle on the floor of the exchange with us as well. let's see. let's start with you, mr. grinch. you sell on any strengths, even now, even if we get a deal? >> well, fundamental analysis is thrown out the window. this obviously is a headline-driven market. any time you're hearing about something that's going to take place, any hint at any type of negotiation, any type of a deal, the markets tend to respond. right now i think the markets are calling their bluff right now. we're not expecting a lot out of what's taking place in washington at this moment. here's a thing, guys. even if there is a deal, it's going to be tough. you'll have a knee jerk reaction. markets should be rallying, might be a great opportunity to sell into strength, because when you look behind the curtain of any deal that's going to happen, it's going to be remarkably bad for the economy. >> austerity on the way. >> absolutely. >> whatever we're looking at. >> talking about spending. the whole conversation has been about tax hikes. i mean, you can't -- you're talking about how many
reached. >> i'm sure you'll continue to monitor it for us. we'll get back to you when there's something new to know. in the meantime, what are you supposed to do as an investor? we saw how the dow really swung during the president's speech. we saw the spike up and came back down and now we're seeing it through the day. why don't we bring in our cast of thousands here. ben willis, jason milly, brad fredelander, and of course rick santel santelli. ben let me get to you first of all. what do you feel this means beyond just the market moves today, the emerging deal what does it mean for the markets once we crack into the new year? >> we knew they could do it, it just took a long embarrassing cost of our reputation in the world to get it done. with that being said, i think you mentioned the capping on the tax deductions. you want to keep an eye on the high end housing and the high end buildings. if that does come to fruition. but the whole tape is moving. apple in and of itself is moving the nasdaq today. that may be a function of the idea of the continuation of the tax benefits for writeoff
you very much for taking the time. >> thank you. >> thank you very much for joining us today, michael johnson, the ceo of herbalife. the markets are currently sitting around the lows of the day as we speak. the dow down by about 56 points, and that is it for "street signs" today. "closing bell" is coming up next. >> hi, everybody. good afternoon. we enter the final stretch and welcome to the "closing bell." i'm maria bartiromo at the new york stock exchange. scott, good to see you. here with scott wapner. the market near the lows on the day on fears that a deal to avoid the fiscal cliff may actually be a lot further away than we thought. >> more sparring today. deal, i don't know. if you listen to what they are saying today, scott wapner in for bill griffith. the president calling for compromise in a news conference today, but here on wall street there is a bit less optimism for the deal than we've felt in recent days. see where we sit right now. the dow is down 56 points. nasdaq and s&p under some pressure as well right now as we -- there you go. nasdaq is down six and the s&p, maria
. joining us now are david faber, bob pisani and steven guilfoyle and rick santelli at the cme. first, david, who broke the story this morning, i guess this deal had to happen based on where the competitive landscape sits, and it's likely not going to be the last deal that we've been talking about. >> we've been thinking about and hearing about and talking about deals for quite some time but much of that did not happen as a result of regulators. the nyc has been looking for quite some time to figure out the future. its ceo having engaged with and having a deal with deutsche boerse sometime back, two years ago, in heated discussions and announced it in 2011. a year later it was dead? why, because of the derivatives business in europe that european regulators did not want to see get together for both of those companies. couldn't get around t.nasdaq as well, along with i.c.e. at the time, had made a hostile bid, you may recall, from the new york stock exchange, but that was stopped as well because it wasn't going to happen as a result of antitrust here in the u.s., a americaning of the two equi
. in fact, it's sitting on the lows of the session at 13,135. danny hughes is with us from divine capital and mark spellman from value line funds and joe greco on the flor with meridian equity partners and our rick santelli is standing by in chicago. rearranged priorities on this, and the market really reflects that. >> absolutely does, bill. a hard day to trade when you're so focused on the tragedy that's unfolding in front of us, and as the mother of a kindergartner and a pre-school child my heart goes out to these families. it's a real terrible thing. >> we do have business to conduct though in washington. >> we do. >> and when we last left that story it appeared there was very little progress made. how do you invest in that kind of an environment? >> even less is happening frankly, so, you know what, we have to do is still keep our eye on the ball and have to believe that at some point something will further itself, whether it happens whether we go over the cliff or before that. reinvest in companies that are dividend payers, that have an efficiency paradigm so whether they are invest
now. okay. everybody's there. mandy? >> okay. joining us now we have a cast of thousands. dan mcmahon from raymond james. nathan backrat. and our very own rick santelli. thank you for joining us today. nathan, let's start with you. so 13 and a half trading days left. what do you do with those to make it worth it? >> y better have the right allocation to begin with. in the meantime guess what's gotten cheaper? europe. >> germany and france at two-week highs last week. >> there's a few countries over there. i like the relative value there. they've got a printing press. they're going to open that. what i learned is you don't fight the tape and don't fight a bailout. i've got about 30% off this country -- outside of this country. and added 10% in emerging markets. now i think that we've had a bloodless revolution again in china, i think it's a great place. look at emerging markets. better value while you wait around. >> and they've done well over the last year. it was just they've been the silent gain. you haven't quite realized they've been doing so well. >> i like it. i wouldn't ru
and spending cuts, there's fear of another u.s. debt downgrade by the major rating agencies. >> will that happen, and will it derail any hopes of a real economic recovery? in today's "closing bell" exchange lee munson and jared bernstein, cnbc contributor and former chief economist under vice president joe biden. we'll hopefully get andrew in a second, and we also have rick santelli who joins us as always at this time. gentlemen, fantastic to have you with us. lee, on this news it seems as if the market is getting its hopes up. personally i feel i will believe it when i see it. would you agree? >> yeah. you should wait until this is actually the ink is dried. here's one thing that's really changed in sentiment over the last week, mandy. last week everybody was talking about having this deal baked into the bryce price. now all of a sudden, as if some miracles happened, traders are actually talking about buying more puts and putting on more hedges. i can tell investors out there that it doesn't matter if december 31st we have a deal or if it goes a few weeks in january. all we
details for us. eamon. >> reporter: hi, bill. that letter does call for the speaker to negotiate, including all options on the table. it is a bipartisan letter. we should be a little bit careful on this because the letter habit actually been sent yet, we're told by congressman mike simpson's office. he's the congressman circulating the letter. he's gathering signatures from other members of congress, as we speak. they expect to send this letter. i've talked to some conservative republicans today here on capitol hill who say their minds are not changed, and that's going to be the group that's most difficult for the speaker to negotiate. nonetheless, the fact there's such a letter being circulated probably gives speaker boehner more elbow room in his negotiations and might help him beat back a little brush fire he saw on the right wing yesterday for being criticized after offering up $800 billion in tax increases. meanwhile, the white house confirming it has directed the office of management and budget to prepare plans for these massive spending cuts that would come at the end of t
into that coming up. we're still looking for a deal on capitol hill, surprise, surprise. all to keep us from going over the fiscal cliff. just in case, though, we've got some experts on happened to help you protect your money. here's how we stand right now, though. it's been a generally positive day for some of the blue chip averages. the dow among them. up 57 points right now, near the highs of the session at 13,003 and change. the nasdaq continues lower. you can blame apple. technology suffering as a result today, down 12 points right now at 2977. the s&p is up 2.25 points at 1416. with less than an hour to go in the trading week, another week without a deal to avoid going over the fiscal cliff. while today's positive jobs report did give markets a boost early on, it wasn't enough to get a significant rally going and to continue it on. so what's it going to take to get some conviction back in this market? >> that's in today's "closing bell" exchange. gentlemen, great to have you joining us here on "closing bell." i think bill pretty much cede it. what is it going to take to get conviction back i
at a couple of bullet points being released now in terms of the scale of the deal. it gives us overall broad numbers. presumably negotiators would have to go in and fill in details of how they're get that kind of savings. there have been a lot of proposals on health of finding billions of dollars of savings by reducing overhead and other things like that. you've seen the unions come out and say they don't want to see any changes at all that would hurt payoffs to beneficiaries in terms of health care. that would be one of the sticking points between republicans and democrats. we would have to see more detail from boehner's office and how they plan to get to the number of $600 billion. >> broadly speaking, these numbers are similar to where they left it on the table last year during those failed negotiations for the grand bargain. these numbers are similar to the simpson/bowles reduction plan, too, aren't they? >> that's right. this sounds a lot more like where they were in the summer of 2011, as you point out, than what the president talked about last week. >> so essentially the republicans a
of the year. we've got craig hodges with us of the hodges fund and our own rick santelli. another guest will join us shortly. nice to have you on the program. craig, kicking off with you, in terms of your small cap portfolio, any changes as we go into year end? what would be the best strategy? >> historically, if you are at work you can make some really good buys. you have the january effect, the tax loss selling going on all month. this year is an unusual year in that you have also not just tax loss selling but you have people taking gains on stocks that they've held for years that they're trying to take advantage of, the 15% capital gains rate. we've seen a lot of that. the point is there's been a lot more selling this december. i look for several stocks to bounce back in early january. >> you are on hold until you can see the whites of their ey in washington. right? i mean, you're waiting to see what happens with this fiscal cliff? >> i am. i tell you, i think that the christmas gift people are getting right now is to sell above 13,000. we were surprised we're not getting a deal. i'm
bell exchange. carol roth, the author of "entrepreneurial equation" is with us. from chicago, keith springer from springer financial adviser and john carpina is on the floor with us, and rick santelli, of course, is in chicago as well. carol, you've been skeptical about this market, but you, if i read you correctly, any rally that's going on right now, you might want to fade. you're not too convinced at the long-term outlook right now, am i right? >> i think what we're going to get. we're going to get a deal, but the deal isn't going to solve our problems, and so in the short term everyone is going to be very, very excited about this. we have a deal. uncertainty is off the table. we're printing money. i think that's going to be very good in the short term. my problem in the longer term is the long-term drag from all of these companies not investing today. they are doing share buybacks, they are doing special divide s dividends. >> right. >> they are not investing in their companies, so in the short term it will be fantastic. i just don't know what's going to happen in the long term
may have reduced somewhat the underlying potential growth rate of the u.s. economy. it has interfered with business creation. with investment, with technological advances and so on, and that can account for at least part of the somewhat slower growth. at the same time though what, of course, what monetary policy influences is not potential growth, not the underlying structural growth. that's for many other different kinds of policies affect that. what monetary policy affects primarily is the state of the business cycle, the amount of excess unemployment or the extent of recession in the economy, and there i think we've also perhaps underestimated a bit the recession, but we've been much closer there, and i think, therefore, that we've been able to address that somewhat more effectively with quite accommodative policies. that being said, of course, we have over time, as we have seen disappointment in growth and job creation, we have obviously, as we did in september, have added accommodation, and we've continued to -- we continue to reassess the outlook. i think -- i think it's only fa
into the new year. today's "closing bell" exchange, gary webbush here with us and steve sax from pro shares advisors and steven gil garcetg and our own jeff cox. no encouraging words out of washington, here we go again, from either the fed or congress. >> right, and frankly that's very expected. there's going to be a -- some grandstanding about your political philosophies right up until the end, but the way i view this is we will not and cannot go over the fiscal cliff. >> you think the can will be kicked down the road. >> well, i think washington learned its lessons from the credit crisis. they are not going to have this go over the cliff, and i think it's going to be a recipe of a small part of cutting spending. a small part of raising taxes and a healthy doze of kicking the gan down the road. >> you would be so sure that these guys cannot do it when in fact here we are 18 days away. steve sax from your standpoint in, terms of etfs and in terms of indexing out there, how do you want to invest given all of these uncertainties as we approach year end? >> i'm in the camp i certainly hope we
cliff are the same people that got us into the fiscal cliff with patches, patches, patches. >> it's a perfect business model, right? >> thanks for watching. happy holidays, everybody. >> see you on monday. >>> hi, everybody. happy friday to you. welcome to the closing bell. ten days and counting. how many? >> ten days and counting, not till christmas, but until we go over the fiscal cliff. we're not closer to a deal in washington today. you can tell from the sell-off, investors do not like it. >> no, posting their largest decline since november 14th, in case you were wondering. although we are off the lows of the session right now. the dow was down 189 two hours into the trading session. we've come off those lows. but at this point, the dow is down 1% for the week and we are down 1% today at 13,173. nasdaq lower, as well. let's see how many percentage points we're down right now. down 1.25%. the technology sector is taking a bigger hit today. down to 3,012 on the nasdaq and the s&p 500 index is down 1% at 1428. . >> house speaker john boehner says he's still open to a offer from t
the confidence to pursue all her goals. when you want a financial advisor who sees the whole picture, turn to us. wells fargo advisors. >>> hi, everybody. happy monday to you. welcome to the "closing bell." i'm maria bartiromo. >> i'm bill griffith. who'd have thunk it? stocks gaining today on a proposal about a tax increase. markets in the green kicking off the week with hopes speaker john boehner is floating higher tax on people with incomes over $1 million. we're wondering if this will be a beginning of a kick start for a deal finally. >> certainly feels like the market feels that way. compares to the $250,000 threshold which originally the president had been sticking to. take a look. even though it is off of the best levels which happened at about 1:00 p.m. eastern today. on the s&p still higher by 11 points. >> the markets watching washington and shuttling back and forth between the white house and the capitol. eamon javers has the latest. >> it looks like at this point the senate is going to have to come back on december 26th to take up among other pieces of legislation the fiscal cliff so
to allocate capital then in that environment. i know george young is with us again, joining the conversation. i want to ask you the same question. go ahead, scott. how are you investing right now? >> maria, i think the best way forward is the way it's worked since the bottom of the market in 2009. risk assets are where it's at. the fed is very supportive. the consumer is back and engaged. housing is getting better. the fiscal cliff is actually constructive from the standpoint it causes people to come together and compromise because going over the cliff while we may do it for a short time period is not beneficial to anybody. it hurts everybody. >> so risk assets being, what, technology? what does that mean, technology? >> not necessarily. we would stay with dividend payers. we would also dip our toe into europe into some very high-quality, multicountry stocks there. mostly on consumer discretionary stocks as well. >> george, we haven't forgotten you yet. scott, i have a question for you. just noticed today france and germany's stock markets hit 52-week highs. we're still wringing our hands ov
Search Results 0 to 19 of about 20